Passco Cos. Obtains $78M for Florida Community
Passco Cos. has obtained a $78 million Fannie Mae loan for the refinancing of Ocean Walk, a 297-unit community in Key West, Fla.
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Passco Cos. has obtained a $78 million Fannie Mae loan for the refinancing of Ocean Walk, a 297-unit community in Key West, Fla.
Passco has purchased Cortona at Forest Park, a 278-unit community in St. Louis, from Invesco Real Estate, backed by a $33.7 million loan.
The property, which was purchased from Southeastern, was completed in 2019. Passco has acquire a Knoxville-area asset.
Goldelm has purchased ParkCrest Landings, a 400-unit community in Southwest Florida, for $102 million. JBM brokered the transaction.
Three apartment complexes in Little Rock sold for more than $200,000 per unit in the past 12 months.